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Whales buy 380M XRP to defend $1 floor amid rare bullish signal and potential breakout.

Market News
09 Aug 2026
UToday
View Source
Bullish
pluang ai news

Large XRP holders, known as whales, have purchased over 380 million XRP in a week to maintain the $1 price floor. This move follows a rare monthly buy signal from the Tom DeMark Sequential indicator, which historically predicted major XRP rallies. The key resistance to watch is $1.06, where a breakout could lead XRP toward $1.35 and $1.64. Despite regulatory uncertainties and market challenges, whale accumulation suggests confidence in a potential price surge ahead.

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